COMPLETION OF SALE OF FPSO ENTITIES TO PERISAI

Reference is made to the announcements dated 30 November 2012, 28 June 2013 and 15 August 2013, relating to the sale (“FPSO Sale”) of  51% equity interest in the entities owning and operating the FPSO "Perisai Kamelia" (formerly known as "Lewek Arunothai") to Perisai Production Holdings Sdn Bhd, a wholly-owned subsidiary of  Perisai Petroleum Teknologi BHD ("Perisai") from EOC Limited (the “Company”) and the extension of the completion deadline of the FPSO Sale to 31st August 2013. The Company is pleased to announce that the FPSO Sale has completed on 21 August 2013.

ABOUT THE COMPANY
www.emasoffshore-cnp.com

Oslo Børs listing: October 2007

EOC Limited offers offshore floating production services that support the full life cycle of offshore oil and gas (O&G) production. It owns and operates two floating production, storage and offloading (FPSO) vessels, the Lewek Arunothai and the Lewek EMAS , and a fleet of construction vessels. The Group has conducted operations in Australia, Brunei, India, Indonesia, Malaysia, the Middle East, the Philippines, Vietnam and Thailand, and continues to do so currently.

EOC’s successful operational and HSE (health, safety and environment) track records have enabled the Group to establish strong working relationships with leading international oil majors, national oil companies and various independent operators. In addition, these ties have brought in a steady stream of repeat business and recurring income.

The Group is an associate company of Singapore Exchange-listed Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the O&G industry.

FOR FURTHER ENQUIRIES

Mr. Chan Eng Yew
EOC Limited
65 9792 8616
engyew.chan@emasoffshore-cnp.com

Ms. Carol Chong
Oaktree Advisers
65 9475 3167
carolchong@oaktreeadvisers.com

Ms. Nora Cheng
Oaktree Advisers
65 9634 7450
noracheng@oaktreeadvisers.com

Other media releases on the company can be accessed at www.oaktreeadvisers.com

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